Sunday, February 27, 2022

Germany to ramp up military spending in major policy shift | Al Jazeera

Chancellor Olaf Scholz, in a major shift for Germany’s defence policy, has committed 100 billion euros ($113m) in military spending as he promised a revamp of the country’s armed forces following Russia’s invasion of Ukraine.

“It’s clear we need to invest significantly more in the security of our country, in order to protect our freedom and our democracy,” Scholz said on Sunday during a lengthy special sitting of the German parliament in Berlin.

“We will from now on, year after year, invest more than two percent of gross domestic product (GDP) in our defence,” he said.

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